Publications Kendallville Bank Case Study Tuesday, July 28, 2015 Download PDF The Kendallville Bank Case Study explores potential material fraud at a fictitious regional bank. With a fact pattern revolving around the questionable accounting decisions of a star executive, this hypothetical scenario is designed to foster a greater understanding of the importance to...

Publications Professional Judgment Resource Wednesday, August 27, 2014 Download PDF The Professional Judgment Resource is designed to provide auditors with an example of a decision-making process to facilitate important auditing and accounting judgments in a professionally skeptical manner. It outlines an example of a decision-making process grounded in five essential actions that include...

In our letter we detail our views on the following: Support for modernizing AS 2305 with principles-based requirements. Importance of risk assessment and professional judgment in designing and performing substantive analytical procedures. Specific feedback, including: More clearly defining the term “company’s amount” within the Proposed Standard to better differentiate the term from other recorded...

This comment letter is a supplement to the comment letters we submitted to the PCAOB on June 7, 2024 in response to recent Public Company Accounting Oversight Board (PCAOB or the Board) Proposals, Firm and Engagement Metrics and Firm Reporting (Proposals or Proposed Requirements). We continue to echo the points...

In this comment letter, the CAQ responds to the SEC’s notice to solicit comment on AS 1000, General Responsibilities of the Auditor in Conducting an Audit and Amendments to PCAOB Standards, as adopted by the PCAOB Board.   In our letter we detail our views on the following:  We welcome the efforts of...

​​​​ Welcome to June, the official first month of summer. For me, this month marks a major (and bittersweet) milestone - my oldest son’s graduation from high school. And while he is planning on majoring in environmental science at the University of Oregon this fall, he has also committed to at least taking an introductory...

In this comment letter, the CAQ’s Smaller Firm Task Force (SFTF) provides views regarding the totality of the PCAOB’s standard setting activities, including its recent Proposals, Firm and Engagement Metrics and Firm Reporting. In this letter, the SFTF details their views on the following : Importance of smaller businesses to the overall...

On September 19, 2023, the Public Company Accounting Oversight Board (PCAOB or Board) proposed to amend PCAOB Rule 3502, Responsibility Not to Knowingly or Recklessly Contribute to Violations, the Board’s rule governing the liability of associated persons who contribute to a registered public accounting firm’s primary violation: First, the Board proposed...